**Bolton Barbershop Harmony Club Accounts for financial year ending 31/08/2025** ## **Introduction** In compliance with statutory obligations, please find attached a copy of the formal accounts and accompanying report for your perusal. Should you have any queries, please make them known to me **in advance** of this year’s AGM rather than taking up time during the meeting itself. As usual, there isn’t time to have the financial statements independently audited before a vote is taken on them at the AGM, but this will happen afterwards and is a legal requirement before they can be lodged with the Charity Commission. ## **Financial Report** It was inevitable that the club would report a substantial deficit (£14850) this year. This was almost entirely due to the net £14000 expense of providing all members with new stage & walk-out clothing, a figure that was totally in line with the committee’s plans and expectations. It was hoped that we might offset some of this deficit from another good year of show fees but the final net figure was only £3000, down from the £5600 of last year. On an encouraging note, as promised in last year’s report, campaigns to increase membership are now evidenced in the accounts by the growth of subscription income from £15000 to £17000, and this is only part way through our long-term plan for swelling the ranks. This will also automatically yield a little extra income through Gift Aid when our claim for a tax rebate is made mid-2026. The grant from BABS includes £500 for our championship win at convention, plus a further £400 towards the costs of growing membership. Expenses were also bound to be higher because we were preparing to compete at convention. There was a net expense of about £2000 to pay for our Away Weekend and attendance at convention, £3000 for overseas coaching and associated travel, and £1500 for venue hire required by the extra rehearsal capacity. Earlier in the year we shut down our lapsed Zoom account in order to save money, and our finance agreement with Shire Leasing for the purchase of the defibrillator will reach its conclusion at the end of May 2026. ## _**Gary Roussak, Club Treasurer, October 2025**_ Registered Charity Number 1099928 ## Bolton Barbershop Harmony Club ## **Balance Sheet** ||Note
£
At 31 Aug 25
At 31 Aug 24
**Fixed Assets**
**2,400.00**
**3,600.00**
1
Apple iPad & case (held by MD)
_0.00_
2
Original risers (held by club)
_0.00_
2
Risers from Nov 2022 (held by club)
_2,400.00_
**Current Assets**
**30,481.05**
**44,288.56**
Current Account
_2,597.98_
General Reserve Account
_8,500.00_
Riser Fund Account
_10,034.37_
3
Forward Fund Deposit Account
_8,548.70_
Gift Aid accrued to April 2026
_800.00_
**Current Liabilities**
**80.00**
**237.30**
Independent Examiner's Fee
_80.00_| |---|---| ||**Net Assets(surplus)**
**32,801.05**
**47,651.26**| ||| ||**Total Reserves**
**32,801.05**
**47,651.26**| ||Starting balance
_47,651.26_
Deficit since 31 August 2024
_14,850.21_| ||**Represented by funds**
**32,801.05**
**47,651.26**
Unrestricted
_14,217.98_
_25,454.07_
3
Designated (Riser Fund)
_10,034.37_
_11,000.00_
Restricted (Forward Fund)
_8,548,70_
_11,197.19_
Endowment
_0.00_
_0.00_| ## **Notes:** - 1 Original cost £430, now fully depreciated. - 2 Original risers fully depreciated. 2022 riser purchase (originally £6000) depreciated on a straightline basis over 5 years. - 3 Sufficient for three new sets of risers (priced at October 2025, a new full set of risers including back rail retails for £3210, excluding VAT & delivery charge). ## Bolton Barbershop Harmony Club Registered Charity Number 1099928 ## **Income & Expenditure Analysis** ## for the year ending 31 August 2025 |**Income & Endowments**|**£**| |---|---| |Donations|1,346.16| |Grants (BABS)|900.00| |Tax reclaimed|3,361.49| |Membership subscriptions|17,070.00| |Appearance fees (net of costs)|2,992.50| |General fund-raising|116.88| |Bank Interest|542.84| |Sundries|12.04| |**TOTAL INCOME & ENDOWMENTS**|**26,341.91**| |**Expenditure**|**£**| |Music costs|1,051.69| |External coaching & education|2,062.84| |Venue hire|5,388.78| |BABS membership|3,305.00| |Mileage claims|1,432.80| |Public transport|1,158.61| |Charitable donations|300.00| |Advertising|660.96| |Independent Examiner fee|80.00| |Internet (Website & Zoom)|469.75| |Chorus MD coaching|7,108.00| |Domestic convention|772.75| |Away Weekend|1,223.80| |Wardrobe|14,160.09| |Office supplies, printing & postage|160.17| |Defibrillator (incl. insurance)|656.88| |Riser depreciation|1,200.00| |**TOTAL EXPENDITURE**|**41,192.12**| |Total Income & Endowments|**26,341.91**| |Less: Total Expenditure|**41,192.12**| |**Net deficit transferred to balance sheet**|**14,850.21**| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustoosl mom￿r5 of O e)A8&rfis41of ofvjy QLL;B On accounts lor the year onded Charfty no {If any) 1099118 Set out on page5 I repxt to th8 trustees on my examMatM of the acc4yJnts cl the above d)arity1lhe Trust'l for the year ended R•sponslbllllles and As the chwity trustees of the Trust. you are resFK)nsible for the wewatic basls of rnport ￿ the ac£oun1s in accordance ￿￿th the requirements of the Charities Act 2011 llhe Acr). I report li resped (rf my exanlnation cl the accwnts carried out under sectton 145 of the 2011 Ad and in carryng out my examination, I have followl the applicable Dire¢tiMs gr￿ by Ihe Charty CommiSs￿)n under seciion 145{5){b} of the Act. I have completed my examinalKm. I confimi that no material matters have ¢c#ne to my attention (¢ther th￿ that disclosed L￿kn￿ ') in connection with the examinalion gives me cause to believe that in, any matw41 resped.. Independent examlnerfs statement theAdor the accounts do noi acc